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Regime: Mixed, with a rising VIX and firming US yields suggesting a cautious risk environment. Today’s market themes: USD strength driven by hawkish Fed signals and rising US yields. Geopolitical tensions continue to underpin oil prices despite easing ceasefire hopes. Crowded shorts in GBP, JPY, and CAD face squeeze risk on…
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Where we are: The Dollar Index (DXY) is trading around 119.50, holding its ground after a broadly flat overnight session. This level is just shy of yesterday’s NY close and reflects a market digesting the Federal Reserve’s recent hawkish pivot. We’re seeing a slight uptick in US yields, particularly at the…
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Where we are: S&P 500 futures are trading slightly lower this morning, hovering around the 5,450 mark, a few points below yesterday’s New York close. The overnight range has been tight, reflecting a cautious mood ahead of US data. We’re seeing a slight uptick in volatility, with the VIX pushing back…
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Where we are: Gold is trading near $3,200, down 0.5% on the session and well below its prior New York close. The intraday range has been tight, reflecting a lack of fresh catalysts ahead of the US data print. We’re seeing a clear struggle to hold above the $3,210 support level,…
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Where we are: The Euro is trading just off its recent lows, hovering around the 1.1450 mark. Overnight action saw a slight bounce from the session’s lows, but the pair remains firmly below the prior New York close, struggling to regain any significant upside momentum. The immediate intraday range is tight,…
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Where we are: The Nasdaq 100 futures are trading slightly softer this morning, hovering around the 19,750 mark. This follows a strong session yesterday where the index closed up 1.9%, driven by tech strength and a brief geopolitical reprieve. Overnight range has been tight, with price action consolidating just below yesterday’s…
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Where we are: Cable is trading just above 1.3200, consolidating recent losses and sitting near the lower end of its weekly range. Overnight action saw a modest bounce from the weekly lows, but the pair remains well below last Friday’s New York close. The immediate intraday range is tight, with resistance…
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Where we are: USD/JPY is trading just shy of 161.00, a level that’s seen significant verbal intervention from Tokyo in recent days. Overnight action saw a tight range, but the pair is holding firm above the prior New York close, reflecting persistent downside pressure on the yen. We’re looking at a…
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Where we are: Dow Jones futures are trading slightly higher this morning, building on Thursday’s gains. The index is pushing against the 39,500 level, a key area of resistance that capped the rally last week. We’re seeing a bit of consolidation as we await the 08:30 ET data dump, with volume…
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Where we are: USDCAD is trading around 1.3700, having edged lower overnight from yesterday’s New York close near 1.3725. The pair has found some support near the 1.3680 level, but momentum is lacking as we await US data. The intraday range has been tight, reflecting a market on pause. What’s driving…
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Where we are: Bitcoin is trading in a tight range this morning, consolidating just above the $65,000 mark. Overnight action saw a brief dip to $64,500 before a modest recovery, leaving it largely flat against the prior New York close. The lack of significant intraday volatility suggests a cautious market ahead…
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Where we are: The FTSE 100 is trading just shy of the 8,200 mark in early New York trading, having consolidated overnight after Friday’s 0.4% dip. We’re currently sitting below the prior New York close, with the index struggling to find conviction as we await the crucial 08:30 ET US data…
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Snapshot: AUDUSD is trading near ten-week lows, pressured by fading RBA rate hike expectations and a firming US dollar. The key domestic driver remains the RBA’s hawkish hold, with inflation still well above target, though markets are increasingly pricing out further tightening this year ahead of the Q1 trimmed-mean CPI print…
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Snapshot: WTI Crude is trading near $84.65, down sharply by 4.48% yesterday, as a ceasefire agreement between Israel and Hezbollah eased immediate geopolitical tensions. This de-escalation is the dominant driver, overshadowing the ongoing strategic maneuvering in the Strait of Hormuz. The 8% weekly decline in Crude prices highlights the market’s sensitivity…
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Snapshot: The Nikkei 225 closed up 0.28% at 71,250 on Friday, with the Topix down 0.57%. Domestic inflation holding steady at 1.4% in May provided a floor, though mixed sector performance capped gains. Today’s focus shifts to US data releases ahead of the New York open. Japan’s core CPI holding at…
